J.C. Penney on Thursday revealed its initial list of proposed stores to be closed permanently as the company tries to stabilize its finances under Chapter 11 bankruptcy protection. (Scroll down to see the full list.)
The department store chain, the largest company to file for bankruptcy protection so far during the coronavirus pandemic, had already said it would close 242 locations for good, leaving about 600 open. But it had not yet revealed which locations were poised for liquidation.
In a bankruptcy court filing Thursday, the company listed the first 154 locations to close.
Bankruptcy Judge David Jones is expected to hold a hearing on June 11 to consider the proposal. Assuming he signs off, going-out-of-business sales could begin immediately. They are expected to last 10 to 16 weeks.